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Financials · AMSF

AMERISAFE Inc. (AMSF) financials

For the twelve months ended Sep 30, 2026, AMERISAFE Inc. reported $333.46M of revenue and $40.36M of net income.

Revenue, TTM
$333.46M
Revenue growth, YoY
+7.7%
Net income, TTM
$40.36M
Net income growth, YoY
-19.1%
Net margin
12.1%
Free cash flow, TTM
$12.32M
EPS, diluted, TTM
$2.15
EPS growth, YoY
-17.6%
Cash
$39.68M
P/E
9.00
P/S
1.09
Market cap
$363.2M
Annual revenue$317.25M
FY2016FY2025
Annual net income$47.15M
FY2016FY2025
Annual free cash flow$8.92M
FY2016FY2025

AMSF revenue and earnings growth

AMSF revenueQ3 2026$79.81M

Quarter YoY
-2.6%
QoQ
-13.2%
FY YoY
+2.7%
5Y CAGR
-1.3%
10Y CAGR
-2.3%

AMSF revenue was $79.81M in fiscal Q3 2026 (ended Sep 30, 2026), down 2.6% from a year earlier and down 13.2% from the prior quarter. For the full fiscal 2025 it was $317.25M, up 2.7% from fiscal 2024. Compound annual growth was -1.3% over 5 years and -2.3% over 10 years. It rose in 4 of the last 10 fiscal years.

AMSF net incomeQ3 2026$7.20M

Quarter YoY
-47.9%
QoQ
-50.7%
FY YoY
-15.0%
5Y CAGR
-11.5%
10Y CAGR
-3.9%

AMSF net income was $7.20M in fiscal Q3 2026 (ended Sep 30, 2026), down 47.9% from a year earlier and down 50.7% from the prior quarter. For the full fiscal 2025 it was $47.15M, down 15.0% from fiscal 2024. Compound annual growth was -11.5% over 5 years and -3.9% over 10 years. It rose in 4 of the last 10 fiscal years.

AMSF EPSQ3 2026$0.39

Quarter YoY
-45.8%
QoQ
-50.0%
FY YoY
-14.5%
5Y CAGR
-11.2%
10Y CAGR
-3.9%

AMSF diluted EPS was $0.39 in fiscal Q3 2026 (ended Sep 30, 2026), down 45.8% from a year earlier and down 50.0% from the prior quarter. For the full fiscal 2025 it was $2.47, down 14.5% from fiscal 2024. Compound annual growth was -11.2% over 5 years and -3.9% over 10 years.

AMSF free cash flowQ3 2026$2.81M

Quarter YoY
-71.3%
QoQ
+56.9%
FY YoY
-61.8%
5Y CAGR
-32.2%
10Y CAGR
-20.8%

AMSF free cash flow was $2.81M in fiscal Q3 2026 (ended Sep 30, 2026), down 71.3% from a year earlier and up 56.9% from the prior quarter. For the full fiscal 2025 it was $8.92M, down 61.8% from fiscal 2024. Compound annual growth was -32.2% over 5 years and -20.8% over 10 years. It rose in 3 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$317.25M$309.04M$306.85M$294.74M$315.93M$339.48M$370.37M$377.75M$375.21M$396.66M
Pre-tax income$58.85M$69.06M$77.38M$67.65M$79.45M$106.92M$115.52M$87.58M$82.24M$112.82M
Income tax$11.71M$13.62M$15.27M$12.04M$13.69M$20.32M$22.83M$15.95M$36.01M$34.96M
Net income$47.15M$55.44M$62.11M$55.60M$65.76M$86.60M$92.69M$71.63M$46.23M$77.86M
EPS, basic$2.48$2.91$3.24$2.89$3.40$4.49$4.82$3.73$2.41$4.08
EPS, diluted$2.47$2.89$3.23$2.88$3.39$4.47$4.80$3.71$2.40$4.05
Diluted shares19.1M19.2M19.2M19.3M19.4M19.4M19.3M19.3M19.2M19.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$61.93M$44.05M$38.68M$61.47M$70.72M$61.76M$43.81M$40.34M$55.56M$58.94M
Short-term investments-$9.3K$0----$14.23M$25.77M$29.58M
Total assets$1.13B$1.16B$1.23B$1.27B$1.40B$1.47B$1.49B$1.52B$1.52B$1.52B
Total liabilities$878.95M$900.45M$936.71M$951.85M$1.00B$1.03B$1.06B$1.11B$1.09B$1.06B
Shareholders' equity$251.60M$257.34M$292.45M$317.43M$399.32M$438.82M$430.21M$409.76M$425.42M$456.15M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$11.07M$24.19M$29.84M$28.19M$37.98M$63.40M$78.82M$98.27M$130.81M$114.21M
Capital expenditures$2.15M$840.0K$553.0K$2.09M$1.30M$921.0K$1.02M$1.13M$478.0K$1.64M
Free cash flow$8.92M$23.35M$29.29M$26.11M$36.68M$62.48M$77.81M$97.14M$130.33M$112.57M
Investing cash flow$68.42M$72.37M$43.88M$75.43M$70.96M$43.37M$11.69M-$29.06M-$51.54M-$50.48M
Financing cash flow-$61.61M-$91.20M-$96.51M-$112.87M-$99.97M-$88.83M-$87.04M-$84.42M-$82.64M-$74.28M
Dividends paid$62.70M$71.00M$56.00M$77.70M$148.40M$88.60M$115.90M$65.40M$78.90M$67.00M
Share repurchases--$2.17M$12.39M------
Stock-based compensation$2.91M$2.94M$1.56M$2.48M$2.32M$3.30M$2.35M$2.06M$2.02M$1.60M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY2.7%0.7%4.1%-6.7%-6.9%-8.3%-2.0%0.7%-5.4%-1.1%
Net income growth, YoY-15.0%-10.7%11.7%-15.4%-24.1%-6.6%29.4%54.9%-40.6%10.5%
EPS growth, YoY-14.5%-10.5%12.2%-15.0%-24.2%-6.9%29.4%54.6%-40.7%9.8%
Net margin14.9%17.9%20.2%18.9%20.8%25.5%25.0%19.0%12.3%19.6%
Free cash flow margin2.8%7.6%9.5%8.9%11.6%18.4%21.0%25.7%34.7%28.4%
Return on equity18.7%21.5%21.2%17.5%16.5%19.7%21.5%17.5%10.9%17.1%
Return on assets4.2%4.8%5.1%4.4%4.7%5.9%6.2%4.7%3.0%5.1%

Source: XBRL data AMERISAFE Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AMSF peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
AMSF$333.46M+7.7%$40.36M12.1%$363.2M
CB$61.85B+5.7%$11.23B18.2%$139.46B
PGR$91.73B+7.7%$11.62B12.7%$131.96B
TRV$48.92B+1.1%$8.33B17.0%$80.99B
ALL$70.23B+5.1%$11.61B16.5%$63.05B
AIG$27.73B+1.2%$3.29B11.9%$40.31B
HIG$29.87B+9.2%$4.61B15.4%$35.83B
ACGL$18.78B-3.9%$4.38B23.3%$34.92B
CINF$13.28B+9.9%$2.66B20.1%$28.47B

AMSF FAQ

8 questions
  • What is AMSF revenue?
    AMERISAFE Inc. (AMSF) reported $333.46M of revenue for the twelve months ended Sep 30, 2026. That is up 7.7% from the year before. Revenue for fiscal 2025 was $317.25M.
  • Is AMSF profitable?
    Yes. AMERISAFE Inc. earned $40.36M in net income for the twelve months ended Sep 30, 2026, a net margin of 12.1%.
  • How much cash and debt does AMSF have?
    AMERISAFE Inc. reported $39.68M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is AMSF revenue growing?
    AMERISAFE Inc.'s revenue changed +2.7% in fiscal 2025, to $317.25M. Its compound annual growth rate was -1.3% over 5 years and -2.3% over 10 years.
  • What is AMSF free cash flow?
    AMERISAFE Inc. generated $12.32M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $12.57M less capital expenditures.
  • What is AMSF earnings per share?
    Diluted earnings per share were $2.15 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did AMSF last report financial results?
    The latest statements here come from AMERISAFE Inc.'s 10-Q filed on Oct 30, 2026, covering the period ended Sep 30, 2026.
  • Where does this AMSF financial data come from?
    Quantisnow builds these statements from the structured XBRL data AMERISAFE Inc. files with the SEC. It is provided for information only and is not investment advice.